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Company Name
Schedule of Cost of Goods Manufactured
For the Year Ending December 31, 20_
Beginning Work in Process Inventory
Add: Direct Materials Used:
Beginning Materials Inventory
Purchases of Materials
Available for Use
Ending Materials Inventory
Dire

Company Name
Income Statement
For the Year Ending December 31, 20_
Sales Revenue
Cost Of Goods Sold:
Beginning finished goods inventory
Cost Of Goods Manufactured
Cost of Gods Available for Sale
Ending Finished Goods Inventory
Cost Of Goods Sold
Gross Mar

Three Steps to Calculating the Net Cash Flow from Operating Activities Using the Indirect Method
Step 1 (by examining the balance sheets for two successive periods side by side):
Compute the change in each current asset (other than cash) and current liabi

The Basics
1. Accounting Equation:
Assets = Liabilities + (Stockholders Equity) Owners Equity
2. T Account:
STATEMENT OF CASH FLOWS
A summary of the cash receipts and cash payments of a business
entity for a specific period of time, such as a month or a y

Ho w Is th e CP A Exa m
S c o re d ?
Effective January 1, 2011
Prepared by the American Institute of Certified Public Accountants
How is the CPA Exam Scored?
Anyone who has taken the Uniform CPA Examination, prepared for the Exam, or been
involved in the

On December 1, 2013, Delta acquired a new delivery truck in
exchange for an old delivery truck that it had acquired in 2011. The
old truck was purchased for $18,000 and had a book value of $6,200.
On the date of the exchange, the old truck had a market va

Berry Brothers is a new company that manufactures desks. In its first month
of operation, it began and completed 500 desks. The following production
information has been provided:
Direct material cost per unit
Indirect labor costs
Indirect material costs

Use an Excel spreadsheet to complete and submit the following from the end of the Chapter 3 beginning on page 63
1, 4, 8, 10, 17, 19, 20
Create a separate labeled tab for each problem.Each problem is worth 10 points. Any calculations th
(ex. =A1+A2) in or